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03 Jan 2018

Egypt to build the largest wind farm in the Middle East

In an effort to boost renewable energy in Egypt and establish Egypt as a leading player in environmental development, the Ministry of Electricity and Renewable Energy initiated a LE 5 billion project to build the largest wind farm in the Middle East, locates in the Suez Bay, funding the project"...

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03 Jan 2018

Underwater internet cable cut affecting Egypt internet speeds: TE

Egyptian internet provider and telecommunications company Telecom Egypt (TE) said in a press statement on Tuesday that a underwater internet cable was cut in the Mediterranean Sea, affecting internet speeds in Egypt.

"...

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03 Jan 2018

Egypt’s external debt rises by 41%

Egypt is expected to pay off over $12 billion of its foreign debts in 2018, the Central Bank of Egypt (CBE) announced today.

The current external debt value amounts to third of its country’s total foreign reserves,"...

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03 Jan 2018

Lockheed awarded $25M for Apache helicopters for Egypt

Lockheed Martin has been awarded a $25 million contract by the Army for night vision sensor kits for Egypt's AH-64 Apache fleet.

The terms of the deal, announced Friday by the Department of Defense, come under"...

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03 Jan 2018

Le Figaro Live Streams the French Election, Monetizes Its Video Using Brightcove

(AETOS Wire) -- Brightcove (NASDAQ: BCOV), the leading provider of cloud services for video, announced today that it is providing live streaming for Le Figaro, the oldest daily newspaper in France and parent company of the French information"...

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03 Jan 2018

Above Ground Construction for Burj Sabah Commences

The latest property project by RSG Properties, Burj Sabah, has commenced construction off the ground. The premier residential building is located at the plush Jumeirah Village Circle (JVC) and combines aspects of both traditional and modern"...

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03 Jan 2018

Boehringer Ingelheim Demonstrates Continuous Commitment to Its Venture Fund and Fostering Innovation by More than Doubling Funding to 250 M€

(AETOS Wire)-- Boehringer Ingelheim today announced an increase in funding for its corporate venture fund, known as the Boehringer Ingelheim Venture Fund (BIVF), from EUR 100 to 250 million. The additional funds will be used to invest"...

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02 Jan 2018

128% growth in properties listed on Propertyfinder website

The number of properties registered on Propertyfinder website have doubled to 119,240, compared to 52.104 properties in 2016, with an increased rate of 128.8% y-o-y, according to the website portal.

Propertyfinder"...

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02 Jan 2018

Government seeks to use surplus electricity in construction, operation of desalination plants

The Egyptian government seeks to use its surplus electricity production in the construction and operation of new desalination plants to bridge the potential water gap in Egypt.

Government sources said that Egypt’s"...

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02 Jan 2018

1,202 factories were opened in 2017 with investments of EGP 27bn

Minister of Trade and Industry Tarek Kabil, said that 1,202 new factories were opened throughout 2017 with investments of EGP 27bn and a pro- duction worth EGP 19, which also cre- ated 38,000 new jobs across 24 gover- norates. This includes 212 factories in Cairo Governorate, 132 in Alexandria,"...

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